05-February-2025
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Demerger to push pace of growth: ITC Hotels Now Playing Steve Jobs' ?4.32 Cr Wish Fulfilled at Maha Kumbh Mela MD
15-Jan-2025

The second largest Indian hospitality player — ITC Hotels — is now looking at “accelerated growth” following its hiving off as a separate listed company from the eponymous parent group. On Tuesday as its shares were credited to demat accounts of eligible ITC shareholders, ITC Hotels MD Anil Chadha told TOI the carved out debt-free company will be “more nimble, agile and attract increased investments”. “We are well placed across segments from luxury to premium with our six brands. In the last 24 months we have opened 30 properties and as of now 4,000 keys in 45 properties are in the pipeline that will open at a similar pace.

News Source:- https://timesofindia.indiatimes.com/business/india-business/demerger-to-push-pace-of-growth-itc-hotels-md/articleshow/117248250.cms